Get involved: send your pictures, video, news and views by texting ECS to 80360, or email »
Delayed £70million shop complex to come next year
5:00pm Friday 23rd August 2013 in News
DEVELOPERS hope to submit a fresh £70million shopping centre plan to regenerate part of Colchester early next year.
Blueprints for the Vineyard Gate shopping centre were first proposed in 2002, but work was delayed in 2009 because of the economic downturn.
But Caddick Developments, is preparing new designs to put to Colchester Council, in the hope of creating the 175,000sq feet shopping centre.
It is hoped it will boast a range of stores, creating about 750 jobs.
Johnny Caddick, director at the construction company, said: “Caddick Developments aims to submit a planning application to Colchester Council in early 2014.
“We are currently working on plans which will see an investment of approximately £70million into this exciting regeneration project in the St Botolph’s area of the town centre.”
He added the centre will be built into the town, rather than being separate from it.
“[The aim is to] attract new, high profile retailers to enhance the existing town centre,” he said.
Although talks are believed to be ongoing, no ‘anchor’ store has been named yet.
Nick Barlow, borough councillor responsible for regeneration, said the announcement is a step in the right direction.
“Caddick’s is making a definitely commitment to Colchester, so that’s a great sign,” he said.
“Up and down the country we have seen developments like this delayed and developers have walked away, but with Caddick, we have been in good communication and aware of their intention.
“That means now the market is picking up, we are ready to go in Colchester, rather than starting from scratch.”
Richard Swan, a commercial surveyor at Whybrow, said the development needs to tie in just one big name.
“You get one in and it will carry the project and all of a sudden, other brands are looking, thinking they should be in there as well.”
Comments are closed on this article.